Short Interest in Nordea Bank AB (OTCMKTS:NRDBY) Decreases By 35.8%

Key Points

• Short interest in Nordea Bank AB decreased by 35.8% in September, with the total amount falling to 52,800 shares from the previous month's 82,300 shares.
• The bank's shares traded at $16.47, with a market capitalization of $56.95 billion and a price-to-earnings ratio of 10.98.
• Analysts have mixed ratings on the stock, with two maintaining a Buy rating, while Barclays downgraded it from Hold to Strong Sell.

Nordea Bank AB (OTCMKTS:NRDBY - Get Free Report) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 52,800 shares, a decrease of 35.8% from the August 31st total of 82,300 shares. Based on an average daily trading volume, of 402,100 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 402,100 shares, the short-interest ratio is presently 0.1 days.

Nordea Bank Price Performance

Shares of NRDBY traded up $0.14 during midday trading on Friday, hitting $16.47. 287,858 shares of the company traded hands, compared to its average volume of 206,819. The firm has a 50 day moving average of $15.76 and a 200-day moving average of $14.57. Nordea Bank has a 52 week low of $10.30 and a 52 week high of $16.86. The stock has a market cap of $56.95 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 3.28 and a beta of 0.66. The company has a debt-to-equity ratio of 6.60, a quick ratio of 1.26 and a current ratio of 1.26.

Nordea Bank (OTCMKTS:NRDBY - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $0.40 EPS for the quarter. Nordea Bank had a net margin of 20.63% and a return on equity of 15.50%. The business had revenue of $3.30 billion during the quarter. On average, analysts forecast that Nordea Bank will post 1.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NRDBY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Nordea Bank in a report on Tuesday, September 2nd. Barclays downgraded shares of Nordea Bank from a "hold" rating to a "strong sell" rating in a report on Thursday, August 21st. Finally, Kepler Capital Markets raised shares of Nordea Bank from a "strong sell" rating to a "hold" rating in a report on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Nordea Bank has an average rating of "Hold".

Nordea Bank Company Profile

Nordea Bank Abp offers banking products and services in Sweden, Finland, Norway, Denmark, and internationally. It operates through Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management segments. The Personal Banking segment provides various financial services to customers through mobile banking, over the phone, online meetings, and branch offices.

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